Free EA, HMA EA, trend following EA on M5.

download the EA from here, include settings, backtest pictures

I just quickly backtested it on the EURUSD M5 timeframe with the 5 digits settings. if you are using 4 digits, you may just to use the default settings.

play with it in backtesting and find out the best settings, then you can forward test with it.

This EA has a very nice code, and is using HMA_V07.1 indicator,

here is the logic

  hma4_1 = iCustom(Symbol(), 0, "HMA_v07.1", 4, 200, 1, last_bar);
     hma4_2 = iCustom(Symbol(), 0, "HMA_v07.1", 4, 200, 1, last_bar + 1);
     hma6_1 = iCustom(Symbol(), 0, "HMA_v07.1", 6, 200, 1, last_bar);
     hma6_2 = iCustom(Symbol(), 0, "HMA_v07.1", 6, 200, 1, last_bar + 1);
     hma8_1 = iCustom(Symbol(), 0, "HMA_v07.1", 8, 200, 1, last_bar);
     hma8_2 = iCustom(Symbol(), 0, "HMA_v07.1", 8, 200, 1, last_bar + 1);
     hma10_1 = iCustom(Symbol(), 0, "HMA_v07.1", 10, 500, 1, last_bar);
     hma10_2 = iCustom(Symbol(), 0, "HMA_v07.1", 10, 500, 1, last_bar + 1);
     hma20_1 = iCustom(Symbol(), 0, "HMA_v07.1", 20, 500, 1, last_bar);
     hma20_2 = iCustom(Symbol(), 0, "HMA_v07.1", 20, 500, 1, last_bar + 1);
     hma40_1 = iCustom(Symbol(), 0, "HMA_v07.1", 40, 800, 1, last_bar);
     hma40_2 = iCustom(Symbol(), 0, "HMA_v07.1", 40, 800, 1, last_bar + 1);
     hma80_1 = iCustom(Symbol(), 0, "HMA_v07.1", 80, 800, 1, last_bar);
     hma80_2 = iCustom(Symbol(), 0, "HMA_v07.1", 80, 800, 1, last_bar + 1);
     hma200_1 = iCustom(Symbol(), 0, "HMA_v07.1", 200, 1000, 1, last_bar);
     hma200_2 = iCustom(Symbol(), 0, "HMA_v07.1", 200, 1000, 1, last_bar + 1);
     hma420_1 = iCustom(Symbol(), 0, "HMA_v07.1", 420, 2000, 1, last_bar);
     hma420_2 = iCustom(Symbol(), 0, "HMA_v07.1", 420, 2000, 1, last_bar + 1);

        if (
        hma420_1 > hma420_2 &&
        hma200_1 > hma200_2 &&
        hma200_2 > hma420_2 &&
        hma4_1 > hma6_1 &&
        hma6_1 > hma8_1 &&
        hma8_1 > hma10_1 &&
        hma10_1 > hma20_1 &&
        hma20_1 > hma40_1 &&
        hma40_1 > hma80_1 &&
        hma4_1 > hma4_2 &&
        hma6_1 > hma6_2 &&
        hma8_1 > hma8_2 &&        
        hma10_1 > hma10_2 &&
        hma20_1 > hma20_2 &&
        hma40_1 > hma40_2 &&
        hma80_1 > hma80_2 &&
        long
        )
{
 myOrderType=2;
}
 
//buy order
 if (
        hma420_1 < hma420_2 &&
        hma200_1 < hma200_2 &&
        hma200_2 < hma420_2 &&
        hma4_1 < hma6_1 &&
        hma6_1 < hma8_1 &&
        hma8_1 < hma10_1 &&
        hma10_1 < hma20_1 &&
        hma20_1 < hma40_1 &&
        hma40_1 < hma80_1 &&
        hma4_1 < hma4_2 &&
        hma6_1 < hma6_2 &&
        hma8_1 < hma8_2 &&        
        hma10_1 < hma10_2 &&
        hma20_1 < hma20_2 &&
        hma40_1 < hma40_2 &&
        hma80_1 < hma80_2 &&
        short
        )

so it is like use the HMA gumma on multi-timeframe to detect the big trend in M5, and use the trail to exit. my setting is selecting the trail 10 pips to exit. you can use the rsi to exit option as well.

http://www.formulatrader.com/download/bild/hma.gif

ofcause, there is hope to find a good ea for trend condition, if we all help!.

Trade logic, see picture. use the upperleft corner icon to enlarge the picture.

http://www.formulatrader.com/download/bild/hmalogic.gif

Another people has tested it as well.

Re: Free EA, HMA EA, trend following EA on M5.

nice sharing

tnx :)>-

Re: Free EA, HMA EA, trend following EA on M5.

lol...

I think it's telling the same story as those free martingale-style nonlagdot/nonlagma/zerolagmacd/zerolagstoch EAs...

Re: Free EA, HMA EA, trend following EA on M5.

this HMA is use last finished bar, so it is ok.

yes, We need to turn off this martingale.

Re: Free EA, HMA EA, trend following EA on M5.

This reminds me of the Sniper Forex strategy, which was discussed a while ago on this site. It also uses HMA and is currently the 5th in the top-ranked forex services at forexpeacearmy:

http://www.forexpeacearmy.com/public/review/www.sniperforex.com

It uses MetaTrader indicators but an EA is not provided, so it needs to be traded manually. It would be good to see how profitable an EA of the Sniper Forex trading strategy would be.

Re: Free EA, HMA EA, trend following EA on M5.

Hi Guys

Can Anyone Share Best Setting of GU,EU,UJ,UC ^:)^

Thanks ;)